Welcome to today's Money Minute.
In the UK today, Halifax releases its latest survey on house prices. Last week, rival lender Nationwide reported that annual house price growth came in at 0.6% in the year to August. Figures from the Halifax have tended to be more volatile in recent months but they are likely to confirm the same broad message as those from Nationwide - that price growth is slowing.
In the US, we get one of the most important data releases of the month the US nonfarm payrolls figures. This shows the state of the US jobs market for the month of August. There are two key numbers to watch.One, the number of jobs added during the month, which is expected to come in at 165,000. And two, the annual rate of wage growth, which is expected to come in at 3.2%.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
If either or both of these figures beat expectations, it might make it harder for the Federal Reserve to justify cutting interest rates at its next meeting in mid-September. But if the figures come in below expectations, investor concerns about a pending recession will grow.
-
8 of the best houses for sale with annexesThe best houses with annexes – from a period property in the Lake District to a 13th-century house with a two-bedroom annexe in Saltwood, Kent
-
Zelenskyy moves to appease Donald Trump – what happens now?Ukraine’s president Volodymyr Zelenskyy is conceding ground to secure the least-worst deal possible, says Emily Hohler
